EghtesadOnline: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned the United States of an “unprecedented defeat” in its campaign of sanctions and pressure against the Iranian nation.
EghtesadOnline: Following fresh US sanctions on Iran over its nuclear program that puts the strategic Chabahar Port project in jeopardy and calls for a complete stop to all Iranian oil exports, India is in touch with all stakeholders over the matter, India’s External Affairs Ministry said on Thursday.
EghtesadOnline: Washington’s ambassador in Berlin has been pressuring German firms “daily” to comply with American sanctions on Iran, a spokeswoman said on Thursday, even as European governments look to shield their companies from the US ire.
EghtesadOnline: Investors are worried about a US Treasury investigation into majority state-owned Turkish lender Halkbank, which faces a potentially hefty fine for allegations of Iran-sanctions busting.
EghtesadOnline: Iraq’s economy is so closely linked to Iran’s that Baghdad intends to ask Washington for permission to ignore some US sanctions on its neighbor, Iraqi government and central bank officials said.
EghtesadOnline: India, the second biggest crude customer of Iran, may cut its imports from the Islamic Republic by half to secure a waiver from the US to continue with shipments, people familiar with the matter said. Officials from the US had discussed the issue of a conditional waiver on sanctions in talks last month in New Delhi, the people said, requesting not to be identified as the discussion was private, Reuters reported.
EghtesadOnline: Crude oil prices rose more than 1% on Friday as US sanctions against Iran looked set to tighten supply, but futures contracts posted a weekly decline since investors worried that global trade disputes could slow economic growth and hurt energy demand.
EghtesadOnline: The newest sanctions imposed by the United States on Iran will have a negative impact on the business situation of Afghanistan, as Tehran is one of the largest trade partners of Kabul, the Afghan Chamber of Commerce’s deputy head said. Khanjan Alokozai also said on Wednesday that Iran and Afghanistan had recently increased trading more than at any other time in the past, adding that the US sanctions on Iran would harm Kabul-Tehran trade, The Afghanistan Times reported.
EghtesadOnline: Caught in the crossfire between its key allies Tehran and Washington, Iraq’s economy could suffer the heaviest collateral damage from the US reimposition of sanctions against Iran.
EghtesadOnline: Danish engineering company Haldor Topsoe, one of the world’s leading industrial catalyst producers, said on Wednesday it would cut around 200 jobs from its workforce of 2,700 due to new US sanctions on Iran.